Sun, Jun 23, 2013 - Page 15 News List

US stocks dip on Fed’s tapering plans

DIVIDEND PLAYS:Utilities, materials and consumer staples, ‘defensive’ stocks that pay good dividends, were the hardest hit amid concern over rising interest rates


The US economic calendar is busy next week and includes the latest S&P Case-Shiller home price index and the revision of first quarter GDP.

FTN Financial chief economist Chris Low said he would be looking especially closely at durable goods orders and personal income and spending, the latter to see if there is any significant drag from the government budget cuts known as the “sequester.”

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